Scarborough Advisors LLC Cuts Stake in JPMorgan Chase & Co.
Scarborough Advisors LLC made changes to its holdings in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor trimmed its position by selling 9,378 shares, which represents an 84.3% decrease from the previous quarter. After this sale, Scarborough Advisors LLC owned 1,749 shares of JPMorgan Chase & Co.'s stock, valued at $562,000.
Other hedge funds and institutional investors have also made significant changes to their holdings in JPMorgan Chase & Co. during the same period.